Shiba Inu Price Breaks Descending Channel, Is the Bullish Structure to $0.00002 Intact?

Key Insights:

• Shiba Inu broke out of a five-month descending channel in late April.
• Analysts expect continued SHIB gains amid strong volume and structure.
• Short and long-term charts both signal renewed bullish momentum.

Shiba Inu (SHIB) price has recorded a significant upswing over the past week, registering a 24.2% gain in the seven-day period ending May 15. The token began a steady climb on May 8, rising from the $0.000012 range to slightly above $0.000017.

This increase marked renewed interest across trading platforms. While short-term fluctuations introduced intermittent dips, they formed consolidation zones instead of hard reversals, indicating steady accumulation rather than rapid exits.

However, the broader technical context of SHIB’s price movement shared by Shib Possessor suggests the rally extends beyond a short-term trend. Between late November 2024 and April 2025, SHIB moved within a descending channel defined by lower highs and lower lows.

The upper boundary served as consistent resistance, while the lower trendline functioned as dynamic support. This structure signaled prolonged selling pressure.

Toward the end of April 2025, however, the pattern was decisively broken to the upside, marking the start of a notable shift in sentiment.

Shiba Inu Price Breakout Reclaims Key Average

SHIB Possessor, the analyst tracking the SHIB/USDT pair on Binance, reported that the token broke above the descending channel’s upper trendline in late April. The breakout was accompanied by a surge in volume, strengthening the view that the move represented a legitimate change in trend.

Additionally, SHIB reclaimed the 21-day Exponential Moving Average (EMA), which currently sits near the $0.00001413 level. This EMA now acts as immediate support, a key metric for maintaining the token’s bullish structure.

The analyst expects further price gains if this level holds, suggesting a move toward $0.00002200 could follow. That target sits more than 60% above the breakout point. Technical strength and a reclaimed support zone point to a continuation of upward momentum in the medium term, pending confirmation from price action and volume patterns.

Adding to this view, short-term technical data highlights further bullish signals. According to SHIB Crowd, SHIB broke out of a consolidation range on the 15-minute chart.

The asset had moved sideways between $0.00001470 and $0.00001704 for nearly two days before closing above the upper boundary. This movement, marked by rising candles and higher lows, indicates growing strength in lower timeframes. The projected path, based on short-term patterns, includes price targets of $0.00001831 and $0.00001848.

Intraday Structure Strengthens as Momentum Builds

Notably, the breakout on the 15-minute chart mirrors the broader structural shift on daily charts. The short-term breakout follows a consistent rise in momentum, characterized by brief periods of sideways action and continued formation of higher lows.

This structure suggests controlled entry from market participants rather than reactive speculative surges. The visual representation shared by SHIB Crowd features a zigzag pattern anticipating brief pauses before further gains, supporting the outlook for incremental advancement toward the next resistance areas.

While the short-term indicators reflect strong participation, broader fundamentals are also under observation. Analyst Henry indicated that the current upward movement may only be in its early stages. The projection suggests the potential for a 136% price increase by October 2025.

That estimate is based on a combination of growing adoption of Shibarium and increased token burn mechanisms, both of which are contributing to reduced supply pressure.

Moreover, Henry has pointed to a possible longer-term breakout that could exceed past all-time highs. When technical and ecosystem development are in sync, the analyst’s outlook sees SHIB rising by up to 790%.

With this estimate, there is no particular timeline associated, but the claim has a foundation in sustainable momentum and structural upliftments in the ecosystem.

Is SHIB Going Up?

SHIB Possessor focused on the importance of a breakout from the descending channel, and CryptoJobs provided the details of short-term range breakout and targets after that. Meanwhile, Henry’s projections reach further, providing an estimate of both medium and long term upside potential if SHIB maintains the current structural conditions and levels of engagement.

Disclaimer

In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.